COVID-19 Assistance

Keep Calm, Small Business On

NH SBDC is committed to doing everything we can to help you navigate the challenges your business is facing to recover and be resilient throughout the pandemic.

We continue to provide highly individualized advising and education to NH businesses at no cost. Our team of business advisors can help businesses incorporate relief measures, review options, and discuss concerns related to cash flow, staffing, marketing, accounting, supply chain interruptions, and more.

Every week, we offer webinars that are current and relevant. We add new topics as they are needed for NH's road to recovery and resilience.

Remember that our online learning opportunities are accessible 24/7 - and stay connected for updates. Join our email list; we send newsletters regularly.

SBDC's Recovery and Resiliency Webinars


Upcoming webinars

Update on PPP, PPP Forgiveness and other COVID Relief Programs - Chuck Gilboy, SBDC business advisor.  The new stimulus bill makes more funds available to small businesses. Join us to find out more details on the relief programs.

Assistance for the Self-Employed/"Smaller than Small" - Chuck Gilboy, SBDC business advisor. Sole proprietor, Schedule-C filer, or LLC? Join us to review special considerations for PPP and other federal relief programs, as well as your eligibility for Pandemic Unemployment Assistance. 

COVID Tax Relief (coming soon) - Chuck Gilboy, SBDC business advisor. An opportunity to learn about less well-known changes to tax law for COVID-19 relief that may have a significant impact on your business.

We have upcoming Cybersecurity Webinars and webinars presented by the US Patent and Trade Office. 

Webinars are free via Zoom.  Click on the Register button to see the schedule.

Register for Webinars

2021 COVID Relief 

We will update this page and send future updates via our newsletter (sign up at the button above). Newsletter 4/2/2021.
See the red titles for recent changes.

New PPP news:  PPP has been extended through May 31, 2021!

New borrowers who recently received their PPP 1st Draw will now be eligible to apply for a 2nd Draw once their covered period is over.

Help for micro businesses. The PPP loan formula for self-employed people has changed so that anyone who files their taxes on a Schedule-C 1040 is now eligible to calculate their loan amount on their gross income (Line 7) or their net income (Line 31). You can still choose between the 2019 or 2020 tax year.  You only need to have a draft schedule C prepared, so it is fine if you have not filed your taxes yet.

The addition of gross income means that self-employed people who were previously excluded because they had a net income loss are now eligible! Your gross income must still be reduced to a maximum of $100,000. If you also have employees, you must subtract their salary and benefits from your gross income. So, the formula for your loan is now:

[2019 or 2020 Gross Income minus employee compensation (maximum of $100K)] / 12 * 2.5 (or 3.5 for NAICS 72 code businesses)

Watch this short video for help with the application and the formula.

These changes only impact new applicants for the first or second round of PPP and will not be retroactive. Remember, you now have until May 31st to apply. Do it now!

Connect with an SBDC Advisor today or attend one of our webinars to learn more about your COVID relief options!


  • Paycheck Protection Program (PPP) 

    • The SBA anticipates that there will be enough PPP funds to meet nationwide demand and suggests that borrowers work with their existing financial institution. PPP opened for all first-time and second draw borrowers on January 19th and is available through May 31, 2021.
    • For those taking a “second draw” on the PPP loan program, you must have under 300 employees and be able to demonstrate a revenue loss of 25% or more in one quarter of 2020 as compared to the same quarter in 2019 to qualify. Loan amount up to 2.5 months of payroll.
    • Businesses with an NAICS code of 72 (restaurants and hospitality) are eligible for an increased loan amount equal to 3.5 times their average monthly payroll.
    • Self-employed individuals remain eligible to apply and may use their 2019 or 2020 net income to determine their loan amount. 
    • The eligible uses of funds has been expanded to include “operation expenses”, “supplier expenses”, and “worker protection expenses”. The requirement to spend at least 60% of the loan on payroll costs remains the same (group life, disability, vision, and dental insurance now qualify as payroll costs).
  • PPP Forgiveness changes
    • The Simple Forgiveness Form for all PPP loans $150k or under is available. The form is one page and simply requires the business owner to describe how the money was spent and make certain certifications. Supporting documentation will need to be maintained.
      • If you have a PPP loan over $150K, you may be eligible to use the EZ form. If not, we recommend that you connect with an SBDC advisor to work through the full application.
    • The Economic Injury Disaster Loan (EIDL) Advance deduction from PPP forgiveness was repealed in this legislation. EIDL Advances (between $1k and $10k) will no longer be deducted from your PPP Forgiveness amount. This applies to both those that have yet to file for forgiveness AND those that have already processed their forgiveness paperwork for the First Draw.
    • The bill also reversed an IRS rule prohibiting the deduction of expenses paid for with forgiven PPP loan proceeds. You will now be able to deduct business expenses paid for with your PPP loan (payroll, rent, mortgage interest, and utilities) on your 2020 taxes.
  • Debt relief program - for SBA borrowers with existing SBA 7a, 504, and/or microloans.
    •  Starting in February 2021 those borrowers will have 3 months of principal and interest paid for them. The “hardest hit” borrowers may be eligible for an additional five months of debt relief, depending on certain qualifications.
  • Employee Retention Tax Credit 
    • Covers 70% of eligible employment taxes and extended through July 1, 2021. Critically, the legislation allows those who have received PPP loans to also access this tax-credit, so long as they do not claim payroll that was paid for with PPP loan proceeds.
  • Economic Injury Disaster Loan (EIDL) Advance
    • $20 billion in funding to restart the EIDL Advance grant program to give up to $10,000 grants to small businesses in low-income communities. There is no open application process for this program at this time. The SBA is reviewing existing recipients of EIDL Advance grants that are under $10,000 and will email eligible participants with a link to an application portal.  Please only respond to emails that end in
    • If you receive an email to the application portal, you will be required to submit your 2019 tax returns. Applicants who meet the low-income community criteria will be asked to provide gross monthly revenue for January 2019 through the most recent month-to-date period (all forms of combined monthly earnings received, such as profits or salaries) to confirm a 30% reduction in revenue. Successful applicants will receive an award of the difference of their first EIDL Advance and $10,000.
  • Economic Injury Disaster Loan (EIDL)
    • ​​Starting the week of April 6, 2021, SBA will increase the loan limit from 6 months of economic injury with a maximum loan amount of $150,000 to up to 24 months of economic injury with a maximum loan amount of $500,000.
    • EIDL loans for businesses are 3.75% interest, and nonprofits are 2.75%. Also recently changed: Deferral of the first payment is 24 months from the date of the note for loans made in 2020, and 18 months for those made in 2021.
  • Grants for Shuttered Venues
    • Eligible live venues, museums and movie theaters will be able to receive grants of up to $10 million which they can use for certain operating expenditures.
    • The Shuttered Venue Operators Grants portal will begin accepting applications on April 8th for performing arts venues and movie theatres, among others. If your enterprise is eligible, register in SAMS now. A how-to video is provided on the SVOG webpage.
  • Childcare Stabilization Grants
    • An additional $10 billion in funding was set aside to help childcare centers that are open or temporarily closed fund their operating expenses.


As in any economic downturn, the recognition and the speed of adaptation is key to liquidity and to sustaining businesses. While there is no one solution to fit all, there are working case scenarios that can come as good examples of that adaptation process and measurable success.
To help you address critical business operations, NH SBDC’s advisors have prepared Tips and Recommendations to help you think through what you should focus on now and what to plan for down the road.

logo for Business and Economic Affairs

The NH Department of Business and Economic Affairs has a COVID-19 website to support the New Hampshire business community . The site has information on business resources, financial assistance, unemployment benefits, health guidelines and recent updates on COVID-19 federal and state programs for businesses. Click HERE to visit the site.

Do you need PPE for your business? Businesses needing disposable masks may purchase them at NH state liquor stores.

U.S. Small Business Administration (SBA) low-interest federal disaster loans can provide working capital to New Hampshire small businesses and private, non-profit organizations suffering substantial economic injury as a result of COVID-19.

  • SBA’s Economic Injury Disaster Loans offer up to $150,000 in assistance to help overcome the temporary loss of revenue.

  • These loans may be used as working capital to pay fixed debts, payroll, accounts payable and other bills.

  • The interest rate is 3.75% for small businesses and 2.75% for non-profits.

  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years.

EIDL Advance

Please note:  The 2021 COVID Relief Bill outlines additional funds for EIDL Advance grants. More info to come. All EIDL loan applicants in 2020 were eligible for up to a $10,000 Loan Advance grant, whether the loan application was accepted or denied. The Loan Advance does not have to be repaid and under the 2021 legislation will no longer need to be deducted from your PPP forgiveness.

SBA Express Bridge Loans


SBA Express Bridge Loans are available from Express lenders. Loans are for $25,000 and may be paid back via an EIDL loan.

Click HERE to visit the SBA Disaster Assistance website or connect with their customer service center at 1-800-659-2955 (TTY: 1-800-877-8339)  or e-mail

The CARES Act established the $349 billion Paycheck Protection Program (PPP). A second round of $310 billion in funding was added. The 2021 COVID Relief Bill added $285 billion to the program.
The PPP is providing much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed.

The loan program helps small businesses with their payroll and other business operating expenses. It  provides critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – all with a 100% guarantee from SBA. All loan payments will be deferred for six months. Most importantly, the SBA will forgive a portion of the loan proceeds.  

See the Notes above for 2021 COVID Relief Bill info on the PPP Program and PPP Forgiveness.
See the webinar listings above for Updates to PPP and COVID Relief Programs sessions.

Click HERE to visit the SBA Disaster Assistance website. 

three people, blue and white graphic image

Per Emergency Executive Order #5, individuals who are unable to work or who have reduced hours due to the COVID-19 pandemic will have immediate access to unemployment benefits.

Anyone in the following situations will now be eligible for state unemployment:

  • If your employer temporarily closes due to COVID-19;
  • Individuals that need to self-quarantine or are directed to quarantine at the instruction of a health care provider, employer or government official;
  • Individuals that need to care for a family member that has COVID-19 or is under quarantine;
  • Individuals that need to care for a dependent because of school closures, child care facility closures or other similar types of care programs;
  • Self-employed individuals that are temporarily unable to operate their business because of any of the above listed situations will also be eligible.

Individuals will need to file for each week of temporary unemployment. People can do all of this online from your home internet connection or your phone without ever having to go into a state office. For more information and to file for unemployment benefits, visit the NHES website or call 603-271-7700.

Benefits for self-employed individuals have been extended through March 14, 2021. Pandemic  Unemployment Assistance has been reauthorized and modified to cover up to 50 weeks and provide $300/week in supplemental funds.

logo for NH Working

As employers navigate new challenges created by COVID-19, one way to help maintain their trained workforce is the State's WorkShare program. Employers can temporarily reduce their workforce in a particular unit, shift or company 10% - 50% and avert a layoff. They can then recall the employees when business increases.

As employees are retained - morale, productivity and flexibility in the workplace are maintained. Affected employees have a softer landing as their hours are reduced rather than eliminated, and they keep their health insurance and can collect wages for hours worked plus unemployment compensation benefits for the reduced hours.

WorkShare plans may be submitted by any New Hampshire employer whose taxes are currently up to date and who is in good standing with the NH Department of Labor. 

Find more information on the NH WorkShare program.

The 2021 COVID Relief Bill announced that if a business already has an SBA loan through a lender, whether it is a 7A, 504 or microloan, SBA will continue to pay the lender the principal, interest and fees for 3 months beginning February 2021, up to $9,000/month. SBA will also make payments on new SBA 7A, 504 and microloans made between February 1 - September 30, 2021.

We strongly encourage you to contact your lender to make sure that debt relief measures are in place for your loans.

The Families First Coronavirus Response Act (FFCRA) includes provisions to help ensure that employees who are sick or need to care for a loved one can get the time off that they need during this public health crisis.

The bill provides employers with fully refundable tax credits to help cover the costs of paying 2 weeks of sick leave wages, and up to 10 additional weeks of family leave wages, and health insurance premiums for employees during this leave. These tax credits are fully refundable so businesses will be able to receive the full value of the credits regardless of their tax situation

Under the FFCRA, businesses will receive tax credits worth up to $511 per employee per day for paying an employee regular wages for up to two weeks of personal paid sick leave, $200 per employee per day for paying an employee regular wages for up to two weeks of leave to care for a sick family member or child home from school, and $200 per employee per day for paying an employee 2/3 wages for up to ten weeks of leave to personally quarantine or to care for a child home from school. See this CHART for more details.

4/1/2020 - Employers with fewer than 50 employees may claim an exemption from the emergency paid leave provisions of the FFCRA and the exemption applies specifically to leave taken for reasons of child care and school closures related to COVID-19. Small businesses with fewer than 50 employees, including religious and nonprofit organizations, are exempt from two aspects of the FFCRA’s provisions:  

(1) paid sick leave due to school closure, place of care closure or child care provider unavailability for COVID-19 related reasons; and

(2) emergency paid leave under the Family and Medical Leave Act (FMLA)

when doing so would jeopardize the viability of the business. An "authorized officer" of the business must determine whether it meets this criteria, according to the guidance.

4/1/2020 U.S. DOL’s Wage and Hour Division will temporarily not enforce the FFCRA until April 17. DOL will not bring enforcement actions against any public or private employer for FFCRA violations during this 30-day period provided the violating employer acts "reasonably" and "in good faith." The employer must also remedy any violations as soon as practicable, its violations must not be willful and DOL must receive from the employer a written commitment to comply with the law in the future.

logo for the IRS

We will update info for the 2021 COVID Relief Bill soon. Here is the outline:

Congress expanded the Employee Retention Tax Credit to cover 70% of eligible employment taxes and extended it through July 1, 2021. Critically, the legislation allows those who have received PPP loans to also access this tax-credit, so long as they do not claim payroll that was paid for with PPP loan proceeds.

Employee Retention Credit

  • 4/1/2020 The Treasury Department and IRS today began implementing the Employee Retention Credit included in the coronavirus economic package signed into law last week. The program provides a fully refundable tax credit for 50 percent of wages, up to $10,000, for each employee kept on the payroll by businesses that have taken a financial hit because of the pandemic.

    Businesses qualify if they have been fully or partially shuttered by government order, or if their gross receipts are below 50 percent of what they took in during a comparable quarter in 2019. They are no longer eligible once their gross receipts rise above 80 percent of the comparable quarter.

  • The IRS published Guidelines for businesses that want to apply for the credit, which is applied against the employers’ share of payroll taxes.

  • The agency also issued a notice to shield employers from penalties they may have incurred for failing to deposit employment taxes when tapping a tax credit Congress created to help them cover wages for sick leave and family leave.

The USDA announced details on the Coronavirus Food Assistance Program (CFAP), which will provide up to $16 billion in direct payments to deliver relief to America’s farmers and ranchers who have suffered a 5%-or-greater price decline due to COVID-19 and face additional significant marketing costs as a result of lower demand, surplus production, and disruptions to shipping patterns and the orderly marketing of commodities. More information is available in this news release.

Through July 31, 2020, USDA Business and Industry Loan Guarantees (B&I) and Rural Energy for America Program (REAP) Guaranteed lenders may assist borrowers experiencing temporary cash flow issues by deferring payments for a period no longer than 120 days. This guidance applies to ALL borrowers that had a current repayment status as of March 1, 2020.